The last was Aug 13th.

Goliath Discovers Multiple New Zones on Lucky Strike Drilling to Commence

TORONTO, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Ltd. (TSX-V: GOT) (Frankfurt: B4IE) (the “Company or “Goliath”) is pleased to announce initial prospecting on the Lucky Strike property has already resulted in the discovery of several new significant zones of widespread mineralization at surface and it has expanded its drill program to test one of these new zones. In addition, the Caribou Mitigation and Monitoring Plan (CMMP) at Copperhead has been approved; all drill programs at Lucky Strike and Copperhead are proceeding on schedule.

Highlights:

  • Newly discovered outcropping of intrusive rocks with disseminated sulphides, malachite and azurite staining near the large Prosperity Bullseye Porphyry drill target; assays are pending.
  • Multiple strong indicators at Prosperity suggest a large porphyry system at depth.
  • IP survey increased by 50% based on 2018 observations at Prosperity; drilling to commence once completed by mid-August.
  • The newly discovered Gold Source Zone is an epithermal, milky quartz hydrothermal breccia at surface with sheeted vein corridors 400 metres by 200 metres; open in all directions.
  • Hydrothermal breccia at Gold Source Zone assayed 96.8 grams per tonne gold (3.1 ounces per tonne gold).
  • Channel sampling, prospecting, and mapping remains ongoing in this area to trace the full extent of the Gold Source Zone in preparation for drilling in 2018.
  • The newly discovered Hole in One Zone contains quartz vein swarms with galena and chalcopyrite mineralization have been observed in outcrop; assays are pending.
  • Trenching, IP geophysics, mapping, soil sampling, pad building, and prospecting are anticipated to be completed by August 21st in preparation for drilling at Copperhead.